Final Thoughts
Final Thoughts
Written by John Packard
August 16, 2017
I asked trade attorney Lewis Leibowitz recently to look into the requests for reviews of the antidumping and countervailing duties on CORE (corrosion resistant steel) and cold rolled. The U.S. Department of Commerce published notices on July 3, 2017, asking any of the countries/companies affected if they wished to have a one-year review of the initial decision. Leibowitz advised us that the Commerce Department has not yet published a list, but there are a number of reviews requested. There were no requests from the Chinese. The Koreans have filed a number of requests (four or five, including POSCO).
This year’s SMU Steel Summit Conference will be the first to be covered by television. Media credentials have been requested by NHK Japan Broadcasting Corp. for the conference. NHK is the Japanese equivalent to the PBS broadcasting network here in the United States.
It feels like a bolt of electricity passing through my body as I prepare for the largest crowd to ever participate in a SMU Steel Summit Conference. We will blow away last year’s record attendance, and we will have to close registrations tomorrow (Friday, Aug. 19) as I do not want to sell standing-room-only tickets. Thank you to everyone who has been supporting our conference, whether you personally are attending this year’s event or not.
Mark your 2018 calendars now – Aug. 27, 28 and 29 – we will once again hold our conference in Atlanta at the Georgia International Convention Center.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
Given the news about tariffs and bringing back industries to the US, a brief look back in time may show how our economy changes with technological advances and the shifting economies of scale.
Final Thoughts
We’ve talked about tariffs ad nauseam for much of the year. And I’m afraid this topic isn’t going away anytime soon. There’s a feeling that the tariff “can” will just be kicked down the road again and again, and again.
Final Thoughts
Can technology help with pig iron and DRI/HBI tariffs?
Final Thoughts
Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.
Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.